Violation Tracker Individual Record

Company: 
Life Insurance Company of Georgia and Southland Life Insurance Company
Current Parent Company: 
Prudential (UK)
Penalty: 
$4,000,000
Year: 
2002
Date: 
February 20, 2002
Offense Group: 
consumer-protection-related offenses
Primary Offense: 
insurance violation
Secondary Offense: 
discriminatory practices (non-employment)
Violation Description: 

The companies agreed to pay $4 million to resolve multistate allegations that they had charged higher premiums to non-white customers for certain kinds of life insurance policies.

Level of Government: 
state
Action Type: 
agency action
Agency: 
Multistate Financial Regulators Case
Civil or Criminal Case: 
civil
HQ Country of Parent: 
United Kingdom
Ownership Structure of Parent: 
publicly traded
Major Industry of Parent: 
financial services
Specific Industry of Parent: 
insurance
Source Notes: 
If an online information source is not working, check the Violation Tracker Data Sources page for an updated link.
Parent company note: 
Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.